- Coca-Cola European Partners will post a disappointing result in FY 2020 but appears very cheap based on historical performances.
- The company is now trading at a free cash flow yield of approximately 7% based on the 2019 free cash flow result.
- This is an excellent call option on the consumer demand picking up again in 2021 and beyond.
- A normalization of the world economy (post vaccine) will make the current valuation of less than 10X EBITDA look cheap.
For further details see:
Coca-Cola European Partners: An Investment For The Post COVID-19 World With A 7% Free Cash Flow Yield And A 3.7% Dividend Yield